Anonymous at 11:36 AM said... "Come out of the bunker.. Repubs (& Dems) won't let the banks fail."
Repubs and Dems my ass! It's the BANKSTERS who won't let them fail. The pols just follow orders.
It takes real talent to fail to make a profit as a commercial bank. Think about it for a moment. What is a bank's "raw material"? Money! For which it charges its suppliers to keep. And what's a bank's "product"? Money! For which it charges its customers. If you can't make a profit while charging both your suppliers AND your customers you need to be in another business. I once mentioned these observations to a friend who actually works in a bank and he agreed with me. His comeback was, "And yet they manage to do it."
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Mohammad has the last laugh. Having 72 virgins is hell.
Come out of the bunker.. Repubs (& Dems) won't let the banks fail.
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Navy navigators used to memorize this mnemonic:
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Anonymous at 11:36 AM said...
"Come out of the bunker.. Repubs (& Dems) won't let the banks fail."
Repubs and Dems my ass! It's the BANKSTERS who won't let them fail. The pols just follow orders.
It takes real talent to fail to make a profit as a commercial bank. Think about it for a moment. What is a bank's "raw material"? Money! For which it charges its suppliers to keep. And what's a bank's "product"? Money! For which it charges its customers. If you can't make a profit while charging both your suppliers AND your customers you need to be in another business. I once mentioned these observations to a friend who actually works in a bank and he agreed with me. His comeback was, "And yet they manage to do it."
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